$STI stated that the sale of its subsidiary Premium Assignment Corp. (PAC) to IPFS Corp, resulted in a pretax gain of $107MM during 4Q17. PAC contributed approx. $55MM of revenue, $25MM of expense and $20MM of net income during FY17.

$STI's net interest margin during 4Q17 was 3.17%, up 17Bps from the prior year period. This increase was driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loans held for investment (LHFI) portfolio, and higher securities AFS yields given lower premium amortization expense.

Banker $STI posted 4Q17 net income available to common shareholders of $710MM, or $1.48 per share, up from $448MM, or $0.90 per share in 4Q16. This gain was on the sale of Premium Assignment Corporation ("PAC") subsidiary and tax reform-related items. Total revenue rose 2.4% YoY to $2.26Bil, helped by higher net interest income.

$STI announced that Ellen M. Fitzsimmons will join the company as
General Counsel and Corporate EVP, succeeding Raymond D. Fortin who announced
his intention to retire. Effective January 8, Fitzsimmons will report to Chairman
and CEO Bill Rogers, and serve as Corporate Secretary of the BoD.

Financial services
company $STI has raised its prime lending rate by 25 basis points to $4.5%, effective
immediately, in response to the rate hike announced by the Federal Reserve. The prime lending rate is a benchmark used to set interest rates on various forms of loans.

$STI finalizes the sale of its subsidiary Premium Assignment Corp. (PAC) to IPFS Corp. The sale was initiated in Sept. PAC, which is based in Tallahassee, Florida, had $1.3Bil of assets as of Sept. 30, 2017.

$STI appointed $WRK CEO Steve Voorhees to the company's BoD, effective Jan. 1, 2018. Voorhees has served in various executive leadership roles, including President and COO; EVP and CFO; and CAO at WestRock and a predecessor RockTenn.

$STI said it is opening Commercial Banking representative offices in the Midwest and Southwest regions, naming market presidents in Ohio and Texas. The company appointed Jim Geuther as Cleveland market president, Ben Willingham as Cincinnati market president, and Julia Harman as Dallas–Fort Worth market president.

$STI declared a quarterly cash dividend of $1,022.22 per share on its Perpetual Preferred Stock, Series B. It also declared a cash dividend of $1,468.75 per share on its Perpetual Preferred Stock, Series E. Both dividends are payable on Sept 15, 2017, to shareholders as on Aug 31, 2017.

$STI declared a quarterly cash dividend of $0.40 per common share, payable on Sept 15, 2017, to shareholders as on Aug 31, 2017. The previous quarterly dividend was $0.26 per share. $STI also declared a cash dividend of $1,022.22 per share on its Perpetual Preferred Stock, Series A, payable on Sept 15, 2017, to shareholders as on Aug 31, 2017.

$STI reported a 6% rise in 2Q17 earnings driven by higher revenue. Net income grew to $505MM from $475MM last year. Consistent execution against key strategies resulted in 10% EPS growth to $1.03. Revenue rose 2% to $2.27Bil, on higher net interest income as a result of net interest margin expansion and growth in earning assets.

$STZ's BoD lifted size of the board from 10 to 11 members and elected Susan Somersille Johnson to serve as a member of the board, effective July 18, 2017. Johnson is currently serving as corporate EVP and chief marketing officer of $STI.

$STI received no objections from the Federal Reserve after completion of its capital plan review. The plan includes a 54% increase in quarterly dividend from $0.26 to $0.40 per share, beginning in 3Q17 and authorization to buyback $1.32Bil of common stock between July 1, 2017 and June 30, 2018.